Factors like increasing use of digital signature to eliminate fraud, Technological innovations and enhanced data integrity, scalability, and transparency are driving the market growth. Increase in adoption of cloud based solutions will provide opportunity for Digital Signature market.

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According to Stratistics MRC, the Global Digital Signature Market is accounted for $662.4 million in 2016 and expected to grow at a CAGR of 30.0% to reach $3209.4 million by 2022.

However, implementation cost and incompatibility among various digital signature techniques will hinder the market.

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Cloud based solutions is projected to be the largest deployment segment as they reduce the operational cost of implementation. The managed services segment is expected to witness largest market share owing to reduction of the cost of operations as well as they provide integration of Wide Area Network (WAN) and branch networks.

North America is the largest market followed by Europe. Europe growth is attributed to growing legal services firms, adoption of digital signature and release of new regulations for electronic signatures by the European Electronic Messaging Association.

Asia Pacific is the fastest growing market due to enhancement of digital technologies in countries such as China and India.

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